The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs’ RLUSD stablecoin — an overcollateralized dollar-pegged stablecoin — in the coming days, sources revealed to Fox Business.

https://cointelegraph.com/news/new-york-regulator-ripple-rlusd-stablecoin-report

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The New York Department of Financial Services (NYDFS) is expected to approve Ripple Labs' RLUSD stablecoin, which is designed as an overcollateralized dollar-pegged stablecoin. This approval is anticipated to occur in the coming days, as reported by sources to Fox Business